Adam Le
Adam Le is Senior Editor, EMEA, for PEI Group's private equity publications, overseeing the flow of global news and analysis for Private Equity International and Secondaries Investor. Based in London, Adam works closely with private equity-focused colleagues across PEI's offices in New York, London and Hong Kong. Prior to PEI, his roles included reporting on finance and technology for Bloomberg Japan.
Macroeconomic concerns have weighed on secondaries market participants' minds over the last 12 months and have had varied effects.
The secondaries trading platform has lost Bill Siegel, who joined when Nasdaq acquired SecondMarket Solutions last October.
The tail-end specialist has hired five staff in its London office including two investment professionals and has also made an internal transfer.
The banking group's Five Arrows Secondary Opportunities unit has also hired three staff this year including a secondaries executive from BEX Capital.
The Blackstone unit will send a newly appointed vice-president to London and is planning to make further additions, Secondaries Investor has learned.
The pension has committed $100m to a vehicle that will invest alongside the Carlyle unit's latest real estate-focused secondaries fund.
The firm's listed fund of funds also sold a portfolio of 34 tail-end buyout stakes worth £33m in the first half of the year, according to its annual report.
The investment bank has agreed to acquire stakes held in Partners' 2007-vintage secondaries fund in a deal expected to close by the end of September.
The advisory firm expects to find a replacement as soon as November, Secondaries Investor has learned.
The deal closed around six months after a board member at the US pension expressed scepticism about selling stakes on the secondaries market.